Question 1 (5 marks): Assume you are the finance manager of Almanor Company, and the company is considering investing in one of the three projects. The life for both the Projects X, M and Project Y is 5 years. Project X costs OMR. 20500, Project M costs OMR. 20500 and Project Y costs OMR.20500. The discount rate/cost of capital is 4.15%. Required: Use the following techniques to help company to decide which Machine is better and justify why? a) Payback period b) Discount payback period c) Net Present Value d) Present value index - Profitability index. Year Project X Project M Project Y 1 7865 3748 8752 N 4567 7609 8393 3 9676 4628 4508 4 7292 8905 7836 5 9900 9904 8287